Khaberni - The electricity distribution company achieved a net profit of 14.2 million dinars in 2025 compared to about 15.4 million dinars in 2024, including the returns from its 55.5% ownership stake in Irbid Electricity Company.
The company was able to enhance its profits from non-core activities to about 6.5 million dinars in 2025, an increase of 51% compared to the year 2024.
This came during the general assembly meeting held by the company in the presence of the general delegate of the Companies Controller Fares Shaheen, the Chairman of the Board of Directors Dr. Hazem Al Rahahleh, board members, and the General Manager Engineer Reem Hamdan, where the general assembly ratified the administrative and financial reports for 2025.
The company managed to reduce its debt owed by individuals and institutions from 92 million dinars at the end of 2024 to about 78 million dinars at the end of 2025, with a decrease of 15%.
The debt owed to government entities also decreased from about 42 million dinars to about 34 million dinars, a decrease of 18%, and the accounts due to the Water Authority and our Water Company to 53 million dinars in 2025, a decrease of 31%, thus reducing the total indebtedness in favor of the company from about 219.8 million dinars in 2024 to about 176.6 million dinars in 2025, a decrease of 19.7%.
According to a statement from the company today, Wednesday, assets rose to about 108 million dinars compared to about 100 million dinars in 2024, with a growth rate of 8%, reflecting an expansion in the company's investments and operational assets.
Chairman of the Board, Dr. Hazem Al Rahahleh, stated that the Board, in cooperation with the executive management and company staff, continued to direct the company's operations to achieve a balance between financial sustainability, operational and service efficiency, alongside institutional development and digital transformation, in line with best global practices and the requirements of the distribution and retail supply license, and the regulations governing the energy sector.
He mentioned that the company is in the process of completing and updating its electronic system with local competencies, noting that 2025 saw a significant expansion in the electrical network capacities, where the infrastructure of distribution networks was enhanced, increasing the total number of operational transformer stations to 7744, with a total capacity of 4016 megavolt amperes, contributing to enhancing the network's readiness to handle load growth and improving the reliability of supply in various concession areas.
He emphasized that the company implemented fundamental reform steps during 2025, represented by reviewing and updating most internal systems, instructions, and policies, streamlining procedures, and standardizing references, alongside initiating the preparation of the strategic plan for the years 2026 – 2029, thereby enhancing institutional work efficiency and embedding the principles of governance and administrative discipline.
